Diversified miner South32 has announced the pricing of a $700m 10-year bond programme, its first in US dollars, that will help fund its recent acquisition of a 45% stake in the Sierra Gorda copper mine in Chile.
South32 has a primary listing in Australia and a secondary listing on the JSE, and was unbundled from BHP in 2015. The group completed the sale of its SA coal assets to Seriti in 2021, and has been on a drive to bulk up its footprint in green metals, or those that will be in demand during a global transition to a lower-carbon future.